Not all profits from soaring cocoa prices

By Agence France-Presse

Jun 24, 2024 12:21 am

PARIS — Though cocoa prices on the financial markets have soared, the rise is benefiting cocoa growers, bean processors, speculators and chocolatiers in unequal measure.

In March, prices rocketed to more than $10,000 a tonne in New York after a poor harvest in West Africa due to a combination of bad weather conditions and disease-devastating aging plantations.

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